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Earnings week ahead: Ford, Snap upgraded ahead of reviews; Disney faces challenges

2024.02.03 12:49


© Reuters.

Investing.com — Here is your Pro preview of the upcoming main earnings reviews within the week ahead: Ford, PayPal, Walt Disney , and Snap.

InvestingPro customers get all market reviews first. Subscribe now for as much as 50% off half of our New Year’s sale and by no means miss one other market-moving headline.

Ford

Ford Motor (NYSE:) is predicted to report its This fall/23 earnings on Feb 6, after the market shut. Analysts forecast an EPS of $0.12 and revenues of $41.4 billion.

Earlier this month, Morgan Stanley reiterated an Overweight score and $15.00 worth goal on Ford and named it their new high decide in US autos.

The agency commented:

“A major change in strategy and investor perception has gripped the global auto industry. It’s well known that EV momentum is stalling. What is less appreciated is Detroit’s response. A ‘toggle’ on capital discipline and shareholder return at Ford can put our $21 bull case in play.”

Going into earnings, Ford’s Financial Health on InvestingPro, which is set by rating the corporate on over 100 elements in opposition to firms within the Consumer Discretionary sector and working in Developed financial markets, scores a ‘Good Performance’.

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PayPal

PayPal (NASDAQ:) is ready to report earnings for This fall/23 on Feb 7, post-market shut. Wall Street analysts anticipate the corporate to put up an EPS of $1.36 and revenues of $7.88B for the quarter.

Earlier this week, the corporate introduced a workforce discount of about 9%, as reported by Bloomberg News, in a transfer attributed to restructuring initiatives led by new CEO Alex Chriss.

Our ProIdeas – unique to InvestingPro customers – underline PayPal’s strengths, together with administration’s aggressive share buyback, anticipated internet earnings development this 12 months, and low P/E ratio relative to near-term earnings development.

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Walt Disney

Walt Disney (NYSE:) is predicted to report earnings for Q1/23 on Feb 7, after the market shut. Street estimates stand at $1.04 for EPS and $23.8B for revenues.

According to InvestingPro’s Financial Health part, which is set by rating the corporate on over 100 elements in opposition to firms within the Communication Services sector and working in Developed financial markets, Disney reveals a ‘Good Performance’.

new year

Investors shall be keenly fascinated with Burbank, California-based firm’s capability to extend its Disney+ subscriber rely. They anticipate insights from the report will present clues concerning the feasibility of Disney’s plan to achieve profitability on this section by the top of the fiscal 12 months.

Moreover, the market shall be paying specific consideration to the corporate’s technique to trim bills and reduce content-related spending, all of the whereas assembly the rising calls for of customers.

Snap

Snap (NYSE:) is predicted to report earnings for This fall/23 on Feb 6, after the market shut. Street estimates stand at $0.06 for EPS and $1.38B for revenues.

Most just lately, in January, the corporate earned two upgrades. Deutsche Bank upgraded Snap from Hold to Buy with a worth goal of $19.00 (from $10.00), noting they see a transparent, sturdy catalyst path towards upward income and EBITDA revisions.

Meanwhile, OTR Global upgraded Snap from Mixed to Positive.

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